Residential Property

Knight Frank expects sales values for the full year to exceed the $1.46b high posted in 2018, with sales volumes to cross the 200 unit mark.

The SGX-listed real estate firm’s contracted pre-sales was at $5.97b.

Private residential property prices rose by 0.9% in the second quarter of 2021.

There is already a committed bid that translates to a land rate of $1378 psf ppr. 

A condominium sold for $34.4m in May, the third most expensive since 1995.

Real estate services provider Savills thinks the case for cooling measures on the residential market is weak.

There were about 2,600 newly launched units in January 2021. 

The properties are located in France and Vietnam.

Developers sold 891 new private homes in May, lower than the 1,268 sold in April.

Robust market demand has developers eager to replenish their supply.

RHB revised their forecast up from 0-3%.